Professional Documents
Culture Documents
Parish M. Kaleiwahea
MGMT 5326
Abstract
spread havoc and chaos. The paper advocates how Globalization was
American version of the free market. The third section will focus
2009) The author recaptures the historic day back in 1989 in his
one country and its people for over 20 years. The fall of the
was the root cause of trend. One could look back at the demise of
the Communist regime and try to understand their fall from grace.
point signs did they have to replace their radical socialist rule
overlooked, but in the end, Globalization was the root cause for
the new face American Capitalism, and that the tipping point was
world had accepted Democracy and have chosen that to be the only
Context Background
could have benefits for society. Karl Marx and Max Weber also
First World War and even consolidated its strength as the Second
International Monetary Fund and the World Bank were created with
impact of the world explain the new world leader’s role for the
United States.
(Skidelsky 2007)
a day 365 days of the year. The technology boom in the early 90s,
some case less than two hours. The globalization of today needs
impact with the world today it can be argued that the success of
In the early 1500’s China had the largest Navy fleet in the
nation during that era. Between 1405 and 1433, Zheng traveled
Lo "to turn its back on the world" (Kennedy 7). Kennedy when
says "a key element in China's retreat was the sheer conservatism
Epidemics of American 10
it dominate the sea-lanes and trade some can argue that the
China’s emperor to cut all ties with the West edified other
propaganda among the super powers the United States and the
would benefit the most from its induction into the WTO. China’s
Epidemics of American 11
was the only nation in the bloc that followed communist ideology.
June 2003.
pandemic.
implemented. The result was that state owned enterprises that had
huge consumer market. Another nation that has become one of the
Indian middle class. India and China have been the leading
world economy.
China India
In percent 1995 2006 1995 2006
Exports of goods and services/GDP 23 40 11 23
Exports of goods/GDP 18 37 9 14
Exports of services/GDP 5 3 3 9
Manufactured exports/manufacturing 51 93 39 60
Services exports/services value 8 9 5 17
FDI inflows/GDP 5 3 1 2
Epidemics of American 16
FDI outflows/GDP 0 1 0 1
Source: World Bank (2007b).
rise of the Russian mafia and corruption spread havoc and chaos
global economy has created many benefits because this has led to
Epidemics of American 19
25
22 China
20
14 India
10
0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06
07
Source: UNCTAD
(2007).
Conclusion
been in one form or the other but it was the nineteenth century
believed that the drive for profit could benefit society. Marx
seven seas? Let us face it, if certain events tipped the other
enjoy today. Only time will tell how long Americans can enjoy the
References
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Elander. (2009, November 10). And the Berlin Wall Came Tumbling
http://www.opednews.com/articles/And-the-Berlin-Wall-came-t-by-
Eugene-Elander-091109-87.html.
site:
http://www.imf.org/external/pubs/ft/fandd/1999/06/pdf/gaidar.pdf
http://www.theglobalsite.ac.uk/press/010gill.pdf
http://www.gladwell.com/tippingpoint/
fromhttp://www.dbresearch.de/PROD/CIB_INTERNET_EN-
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site: http://mises.org/article.aspx?Id=1005
http://www.cato.org/pubs/policy_report/cpr-20n1-1.html
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site: http://www.econ.yale.edu/~srinivas/C&I%20Economic
%20Performance%20Update.pdf
http://www.chass.utoronto.ca/~reak/eco100/100_6.htm
http://www.imf.org/external/pubs/ft/wp/2006/wp06210.pdf